We have recently observed the strengthening of the British currency. A bit later Euro joined growth , which creates an opportunity for the EUR/GBP to begin reflecting. The technical outlook indicates a side trend with a width of about 250 pips. A few days ago there was a bullish pin bar with a long bottom wick, indicating a reflection from the support. Last days are seen very poor increases. It seems, however, that after considerable declines, with the currently strengthening Euro, the pair has a chance to grow. The initiated reflection is still at a very early stage and it seems that we have a fairly large space for potential increases.
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